CACI to Buy Columbia-Based Dragon Development

From the Associated PressCACI International, an Arlington-based information technology and network services provider, said today it will acquire Dragon Development for an undisclosed sum. See CACI's statement.

Dragon Development, based in Columbia, provides professional, technical and engineering services for the intelligence community. The company's revenue is expected to eclipse $32 million in 2007, according to CACI. Its workforce includes 75 workers with top secret security clearances.

The Dragon Development acquisition is part of Arlington-based CACI's efforts to expand its presence within the intelligence community and increase consulting services it offers clients. Last week, the company announced plans to acquire Athena Innovative Solutions, a government contractor with 600 workers, 95 percent of whom have top secret security clearances. The deal is expected to close by Nov. 1.